REG-Petra Diamonds: Director Share Vesting

Petra DiamondsAnnouncement

12/01/2022 14:20

12 January 2022   LSE:PDL 

Petra Diamonds Limited

("Petra" or the "Company")

Director Share Vesting

Petra Diamonds Limited announces the approval of the vesting of the following
shares:
1. Originally granted on 16 October 2018, deferred awards (“2018 Deferred
shares”) over ordinary shares in the Company under the annual performance
bonus plan; the Company has elected to settle via market purchased shares;
2. Originally granted on 24 October 2019, deferred awards (“2019 Deferred
shares”) over ordinary shares in the Company under the annual performance
bonus plan; the Company has elected to settle via market purchased shares; and
3. Originally granted on 4 October 2018 under the Company's 2012 Performance
Share Plan ("2012 PSP") in respect of the period 1 July 2019 to 30 June 2021;
the performance conditions were not met and the awards therefore lapsed in
full;  
The number of vested shares in each case is set out below. Details of the
vesting level is further disclosed in the Directors' Remuneration Report
within the Company's 2021 Annual Report.

 Director                 Position      2018  Deferred shares  Number of ordinary shares vested (1,2)  2019  Deferred shares  Number of ordinary shares vested (1,2)  
 Richard Duffy        Chief Executive                                n/a                                                           2,338                              
 Jacques Breytenbach  Finance Director                              1,860                                                          5,247                              

   

 Director             Position          2012 PSP  Number of ordinary shares vested (1)  2012 PSP  Number of ordinary shares lapsed (1,2)  
 Jacques Breytenbach  Finance Director                         0                                              8,666                       

Notes:
1. All awards under the 2012 PSP were granted as conditional awards over
ordinary shares in Petra of 0.001p each; no consideration was payable for the
grant of the awards.
2. The number of previously approved awards have been adjusted in the same
ratio as the share consolidation of one new share for every 50 existing shares
in issue as voted on at the Company’s AGM on 19 November 2021 and which
became effective on 29 November 2021.
Further details regarding the share awards are set out within the Directors'
Remuneration Report within the Company's 2021 Annual Report. This announcement
is made in accordance with Article 19 of the EU Market Abuse Regulation.

~ Ends ~

For further information, please contact:

Petra Diamonds,
London                                        
Telephone: +44 20 7494 8203

Cathy Malins

Des Kilalea     

Julia Stone 
                                       
            investorrelations@petradiamonds.com

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and a supplier of
gem quality rough diamonds to the international market. The Company’s
portfolio incorporates interests in three underground producing mines in South
Africa (Finsch, Cullinan and Koffiefontein) and one open pit mine in Tanzania
(Williamson).

Petra's strategy is to focus on value rather than volume production by
optimising recoveries from its high-quality asset base in order to maximise
their efficiency and profitability. The Group has a significant resource base
of ca. 230 million carats, which supports the potential for long-life
operations.

Petra strives to conduct all operations according to the highest ethical
standards and only operates in countries which are members of the Kimberley
Process. The Company aims to generate tangible value for each of its
stakeholders, thereby contributing to the socio-economic development of its
host countries and supporting long-term sustainable operations to the benefit
of its employees, partners and communities.

Petra is quoted with a premium listing on the Main Market of the London Stock
Exchange under the ticker 'PDL'. The Company’s US$336.7 million notes due in
2026 are listed on the Irish Stock Exchange and admitted to trading on the
Global Exchange Market. For more information, visit www.petradiamonds.com.



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